rev man

34問 • 1年前

Julliane De Vera

通報

問題一覧

an item or source of income

revenue

the art or manner of managing or handling, controlling, directing

management

is the act of skillfully, carefully, and tactfully managing, controlling, and directing sources of income

revenue management

amount of space that can be filled and we may add during that particular time

capacity

the amount of good that a seller is willing and able to sell for any given price

supply

the amount of good that a purchaser is willing and able to buy

demand

occurs when the quantity supplied is exactly equal to the quantity demanded at that point in time

market equilibrium

quantity supplied exceeds the quantity demanded

surplus

if the product is not sold within a given time that product cannot later be sold

perishables

quantity demanded exceeds the quantity supplied

shortage

the future and current value of money, domestic monetary, supply, and global monetary policies

understanding the world of finance

any action taken is the lost of opportunity of taking any alternative action given the same resources

opportunity cost

states that as price rises, the quantity supplied increase and as the price falls, the quantity supplied decreases

law of supply

demand by buyers tend to increase as the price decrease, and tends to decrease as the price increases

law of demand

whenever a 1% change in price causes more than 1% change in quantity supplied or demanded it will result in a number greater than 1

elastic

demand or supply change would not change in price

perfect elasticity

a 1% change in price causes less than a 1% change in quantity supplied or demanded and this will result in a number less than 1

inelastic

is merely a time of year immediately before or after a peak or weak season

shoulder season

also called as valley season

weak season

is the act of estimating, calculating, or predicting conditions in the future

forecasting

the act of estimating, calculating, and predicting consumer's demand for products and services in the future

demand forecasting

a pressure placed on a market as a result of demand

compression

an activity or event that causes demand to decrease

demand drainers

refers to the pattern and rate at which reservations were requested and accepted

booking pace

demand that is held back or confined by rules, restrictions, and availability

constrained demand

naturally occurring demand that occurs in the absence of restraints and restrictions

unconstrained demand

the amount of currency needed to acquire a product/ the value that customers exchange of products

pricing

members are rewarded either by receiving reduced rates or increased value, such as added amenities

loyalty program

value generated by a brand

brand equity

the ability to observe prices

price transparency

is the practice of offering special reduction in price

discounting

lowest available rate per room available to the general public on a given time

best available rate

the individual responsible for ensuring that a company's prices match a customer's willingness to pay

revenue manager

a revenue management philosophy that places customer gain ahead of short term revenue maximisation in a revenue management decision making

customer centric revenue management

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問題一覧

an item or source of income

revenue

the art or manner of managing or handling, controlling, directing

management

is the act of skillfully, carefully, and tactfully managing, controlling, and directing sources of income

revenue management

amount of space that can be filled and we may add during that particular time

capacity

the amount of good that a seller is willing and able to sell for any given price

supply

the amount of good that a purchaser is willing and able to buy

demand

occurs when the quantity supplied is exactly equal to the quantity demanded at that point in time

market equilibrium

quantity supplied exceeds the quantity demanded

surplus

if the product is not sold within a given time that product cannot later be sold

perishables

quantity demanded exceeds the quantity supplied

shortage

the future and current value of money, domestic monetary, supply, and global monetary policies

understanding the world of finance

any action taken is the lost of opportunity of taking any alternative action given the same resources

opportunity cost

states that as price rises, the quantity supplied increase and as the price falls, the quantity supplied decreases

law of supply

demand by buyers tend to increase as the price decrease, and tends to decrease as the price increases

law of demand

whenever a 1% change in price causes more than 1% change in quantity supplied or demanded it will result in a number greater than 1

elastic

demand or supply change would not change in price

perfect elasticity

a 1% change in price causes less than a 1% change in quantity supplied or demanded and this will result in a number less than 1

inelastic

is merely a time of year immediately before or after a peak or weak season

shoulder season

also called as valley season

weak season

is the act of estimating, calculating, or predicting conditions in the future

forecasting

the act of estimating, calculating, and predicting consumer's demand for products and services in the future

demand forecasting

a pressure placed on a market as a result of demand

compression

an activity or event that causes demand to decrease

demand drainers

refers to the pattern and rate at which reservations were requested and accepted

booking pace

demand that is held back or confined by rules, restrictions, and availability

constrained demand

naturally occurring demand that occurs in the absence of restraints and restrictions

unconstrained demand

the amount of currency needed to acquire a product/ the value that customers exchange of products

pricing

members are rewarded either by receiving reduced rates or increased value, such as added amenities

loyalty program

value generated by a brand

brand equity

the ability to observe prices

price transparency

is the practice of offering special reduction in price

discounting

lowest available rate per room available to the general public on a given time

best available rate

the individual responsible for ensuring that a company's prices match a customer's willingness to pay

revenue manager

a revenue management philosophy that places customer gain ahead of short term revenue maximisation in a revenue management decision making

customer centric revenue management